Emerging trends in Market Research

Hello amazing business owners, marketers, and leaders!
Imagine you’re trying to sell super tasty dosa. How do you know what kind of dosa people like? Do they prefer it crispy, soft, with extra sambar, or a special chutney? This is where Market Research comes in! It’s like asking your friends what they want to eat before you cook, so everyone is happy.
For a long time, market research meant surveys on paper or calling people. But just like our phones became smartphones, market research has also grown up! It’s now more exciting, faster, and gives us much clearer answers. We’ve used these new ways to help many businesses right here in Tamil Nadu.
Let’s dive into the amazing new ways companies are understanding their customers:
1. Digital Tools & AI Magic
Gone are the days of just paper surveys. Now, we use powerful digital tools and even Artificial Intelligence (AI), which is like a super-smart computer brain, to understand people. This means we can gather information from thousands, even millions, of conversations happening online, without asking each person individually!
- How We Used It: We helped “Velan Garments,” a popular clothing store in Coimbatore, understand what young women wanted in their modern ethnic wear. Instead of just asking people in the shop, we used special online tools to “listen” to what people were saying on social media, like Instagram and Facebook, about fashion trends. We found that many preferred comfortable fabrics with bright, traditional prints, especially for festivals. This helped Velan Garments create new collections that were a huge hit, selling out really fast!
2. Local Language, Local Tastes
India is special because every state has its own language and culture. In Tamil Nadu, understanding the local slang, jokes, and unique preferences makes a huge difference. New market research focuses on these very local feelings.
- How We Used It: For “Murugan Snacks,” a growing snack brand based in Madurai, we learned that people in different parts of Tamil Nadu had different favourite flavours for their chips. In Tirunelveli, they loved spicy, crispy snacks, but in Salem, they preferred milder, slightly sweet ones. We conducted small online polls and even simple chats in local Tamil dialects. This helped Murugan Snacks create region-specific snack packs, making their customers feel truly understood and happy.
3. Making Every Customer Feel Special (Customer Experience)
Today, it’s not just about selling a product; it’s about how customers feel when they buy it or use your service. This is called Customer Experience (CX), and new research helps businesses make it super good.
- How We Used It: When “Kaveri Bank,” a new-age bank with branches across Tamil Nadu, wanted to make their online banking smoother, we helped them. We set up a quick feedback system right after customers used their mobile app. We found that some customers in Trichy found it hard to find the “fund transfer” button. Kaveri Bank quickly changed the app layout based on this feedback, making it easier for everyone and getting lots of praise!
4. Looking Into the Future with Data
Imagine knowing what people will want to buy next year! New market research uses powerful Data Analytics and Predictive Analytics to guess what might happen in the future by looking at lots of past information.
- How We Used It: For “Gopuram Developers,” a real estate company building homes in Chennai, we didn’t just look at who was buying houses now. We looked at trends like new IT companies setting up offices, where schools were opening, and even traffic patterns. This helped Gopuram Developers predict that young families would soon need more affordable apartments with good school access in certain areas of Tambaram. They built homes exactly where people would need them, and they sold out quickly!
5. Being Fair with Your Information
Just like you wouldn’t share your friend’s secret, companies are now very careful about the information they collect about you. New trends in market research focus on being ethical and protecting your privacy.
- It’s like asking for permission before you take a photo of someone. Companies are now much more transparent about how they collect your data, why they need it, and how they keep it safe. This builds trust, which is super important!
The Road Ahead
Market research is no longer just about numbers; it’s about understanding people better than ever before. By using these new, smart ways, businesses in Tamil Nadu can make super wise decisions, offer exactly what their customers want, and grow bigger and stronger. It’s about making sure your dosa is always the best in town!